Tuesday, April 07, 2015

Support @ 8594 & Resistance @ 8694 & 8794

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

RBI gave a negative result with no change in Interest Rate. Market turned bearish after the RBI decicion and recovered towards Positive zone on the later part of the Day. 8594 gave a good support and still 8694 resisting the bulls. Cross above 8694 may move to the next level 8794.

>>> Hindalco - As Posted Yesterday <<<

>>> Click the chart to see on full screen <<<

Wrote Yesterday that - We are long on Hindalco - See what happened today ???

>>> Hindalco - Happened & Yet to <<<

>>> Click the chart to see on full screen <<<

We made a Part Booking for 10K today. Still look for a good rally.

>>> ARVIND <<<

>>> Click the chart to see on full screen <<<

If the Channel Resists the Upmove as shown on chart, Expect a Free Fall. Cheers!!!